When to Raise and Lower Your Short-Term Rental Listing Price in Arizona 

Navigating the short-term rental market in Scottsdale can be a rewarding experience, especially when you understand the right timing for pricing adjustments. At Zelloo, we specialize in optimizing your short-term rental and managing your property to ensure maximum profitability and occupancy.

Contact A Scottsdale Rental Property Manager

Understanding Seasonal Trends

Scottsdale's tourist season peaks from March to May and again from September to November, thanks to its pleasant spring and fall climate. During this high-demand period, raising prices on your furnished apartments with short-term leases is advisable. Conversely, the hot summer months often see a dip in tourism, making it a strategic time to lower prices on month-to-month rentals to attract more guests.

Economic Factors

Economic shifts can significantly impact the short-term apartment rental market. In a booming economy, travelers are more likely to splurge on higher-end accommodations, allowing you to raise prices. However, during economic downturns, it's wise to adjust the rates of your short-term rentals on listing sites competitively to maintain steady bookings.

Check out our projections for the 2024 housing market.

Location-Based Pricing

The proximity of your property to popular attractions in Scottsdale, like golf courses or natural areas, can justify higher rates during peak seasons. However, properties further from these hotspots might benefit from more competitive pricing on month-to-month rentals to attract guests.

Type of Lease

Furnished apartments with short-term leases usually allow for higher prices due to their convenience and amenities. Adjusting these prices based on demand and seasonality is key. For instance, during major events like the WM Phoenix Open, you can capitalize on the influx of visitors. 

At Zelloo, we understand the nuances of the Scottsdale short-term rental market. Utilizing our expertise in managing short-term rental properties can significantly boost your rental's success. Whether you offer furnished apartments for a short-term lease or are looking into month-to-month rentals, we're here to guide you through every step of the pricing strategy.

For more insights on short-term apartment rentals, visit our blog or contact Zelloo for personalized advice on your rental property.

Contact A Scottsdale Rental Property Manager